Cyber risk analytics firm CyberCube in a report said the cyber insurance market continues to underserve small businesses although these businesses represent a significant share of the global economic output. “This protection gap presents both an opportunity and a responsibility …
Macy’s Inc. is clawing back more than $600,000 in cash bonuses from executives after an accounting scandal led to inflated pay. The department-store operator tied executives’ cash bonuses to an earnings metric that turned out to be overstated by around …
While Allstate’s CEO Tom Wilson named GEICO and Progressive when asked about the ability to grow auto insurance in 2025 as competitors do the same, no one on Allstate or Progressive’s earning calls addressed competition from Lemonade. The insurtech recently …
A man accused of setting fire to Tesla vehicles in Las Vegas will remain jailed until his trial on federal charges of arson and possessing an explosive device, a judge ruled Monday. U.S. Magistrate Judge Elayna Youchah concluded no pretrial …
Verisk said today it has acquired Nasdaq subsidiary Simplitium Limited, the owner and operator Nasdaq Risk Modelling for Catastrophes (NRMC). NRMC is a software-as-a-service platform that supports an open ecosystem where specialized model partners make models, hazard data, and analytics …
The insurance issued to dozens of aging oil tankers used by Russia to skirt international sanctions was bogus, according to Norwegian authorities now investigating the small firm behind the forged documents. Norway-registered Romarine AS purported to be an insurance provider …
Heavy rain, severe thunderstorms and the risk of tornadoes are threatening more than 40 million people from Michigan to Texas as a slow-moving cold front hovers over the region. There’s a rare high risk for damaging winds and long-lasting powerful …
National restaurant chain Chipotle Services, Inc. will pay $20,000 and furnish other relief to settle a U.S. Equal Employment Opportunity Commission (EEOC) religious harassment, retaliation, and constructive discharge lawsuit, the federal agency announced. The EEOC suit alleged that in July …
The Florida Hurricane Catastrophe Fund will not have to pay some $30 million to Universal Property & Casualty Insurance Co., after the carrier settled a civil suit that alleged the insurer had backdated claims to boost reimbursement from the fund. …
The Texas Department of Insurance said in a March 28 bulletin that it accepted the National Council on Compensation Insurance (NCCI) advisory loss cost filing proposal of an overall average decrease of 11.5% to the current loss cost level. The …